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U.S. Bancorp Women Named Top Banking Team in the Nation for Third Year in a Row
Pam Joseph, Diane Thormodsgard and Leslie Godridge Receive Individual Recognition

MINNEAPOLIS--(BUSINESS WIRE)--

U.S. Bancorp (NYSE: USB) has been ranked number one in the nation for the third consecutive year as the "Top Banking Team" by U.S. Banker magazine as part of its annual ranking of The 25 Most Powerful Women in Banking, published in the October issue (www.us-banker.com). U.S. Banker, a SourceMedia publication, also selected three U.S. Bancorp women for individual recognition in "The 25 Most Powerful Women in Banking" and "Women to Watch" categories.

The team ranking is based on the company's overall financial performance, percentage of women corporate officers and management committee members, number of senior women executives, financial performance of women-led business units and feedback from analysts on women leading high-growth business units.

Pam Joseph, vice chairman of payment services, and Diane Thormodsgard, vice chairman of wealth management and securities services, were both named among the most powerful women in banking. Joseph ranked fourth and Thormodsgard ranked fourteenth. Leslie Godridge, executive vice president and head of national corporate and institutional banking, ranked eighth in the "Women to Watch" category.

"The outstanding performance of women-led businesses is commendable given that it has occurred against an industry backdrop of unprecedented challenge, change and opportunity," said Holly Sraeel, editorial director of U.S. Banker.

The magazine also notes that U.S. Bancorp's strong performance in today's difficult economic environment has been "buffered, clearly, by the performances of the bank's highest-ranking women."

"The high caliber of talent and hard work this senior team demonstrates is evident to all of us here at U.S. Bancorp who work beside them every day," said Richard Davis, chairman, president and chief executive officer at U.S. Bancorp. "Their efforts and contributions are a significant part of what make this such an outstanding company. I am proud to call them colleagues, and on behalf of all of us at U.S. Bancorp, we congratulate them for receiving this honor for an unprecedented third year in a row."

A state-by-state list of the 44 U.S. Bancorp women who were recognized with the team award follows:

Arizona
Hope Levin, senior vice president, market president (Phoenix)
Amy Hurd, senior vice president, consumer banking (Phoenix)
Judie Verb, senior vice president, consumer banking (Phoenix)

California
Teresa Caspary, senior vice president, wealth management and
 securities services (Los Angeles)

Colorado
Valerie Heller, executive vice president, commercial real estate
 (Denver)
Elizabeth Hund, senior vice president, corporate banking (Denver)
Kareina Westlund, senior vice president, consumer banking (Denver)

Georgia
Pamela Joseph, vice chairman, payment services (Atlanta)

Iowa
Nancy Kasparek, senior vice president, regional president (Cedar
 Rapids)

Idaho
Lori Tomasovic-Dizes, senior vice president, consumer banking (Boise)

Illinois
Lynn Rosinsky, senior vice president, market president (Chicago)

Minnesota
Diane Thormodsgard, vice chairman, wealth management and securities
 services (Minneapolis)
Jennie Carlson, executive vice president, human resources
 (Minneapolis)
Mary Blegen, executive vice president, human resources (Minneapolis)
Deb Burke, senior vice president, government relations and foundation
 (Minneapolis)
Julie Cornelius, executive vice president, technology and operations
 (St. Paul)
Jean Fichtel, senior vice president, consumer banking (St. Paul)
Janet Hanks, senior vice president, consumer banking (Bloomington)
Christine Hobrough, senior vice president, consumer banking
 (Minneapolis)
Rita Jones, executive vice president, credit administration
 (Minneapolis)
Eve Kaplan, senior vice president, wealth management and securities
 services (St. Paul)
Andrea Kaufman, senior vice president, legal (Minneapolis)
Virginia Kremer, senior vice president, corporate risk management
 (Minneapolis)
Sally Mullen, senior vice president, wealth management and securities
 services (Minneapolis)
Judith Murphy, executive vice president, investor and public relations
 (Minneapolis)
Jeanne Rudelius, senior vice president, corporate banking
 (Minneapolis)
Ann Yekaldo, senior vice president, wealth management and securities
 services (Minneapolis)

Missouri
Frankie Eichenberger, senior vice president, consumer banking (St.
 Louis)
Arlene Mockapetris, senior vice president, consumer banking (Kansas
 City)
Karen Myers, senior vice president, corporate banking (St. Louis)

Nevada
Lori Soren, senior vice president, commercial banking (Las Vegas)

New York
Leslie Godridge, executive vice president, corporate banking (New York
 City)

Ohio
Kathy Ashcraft, executive vice president, finance (Cincinnati)
Lucille Conley, senior vice president, consumer banking (Cincinnati)
Charlotte Manison, senior vice president, consumer banking
 (Cincinnati)
Cathy Myers, senior vice president, enterprise revenue office
 (Cincinnati)
Jennifer Powell, senior vice president, marketing (Cincinnati)

Oregon
Malia Wasson, executive vice president, Oregon market president
 (Portland)
Stacey Dodson, regional president (Bend)

Washington
Terry Jones, senior vice president, commercial banking (Seattle)

Wisconsin
Lisa Glover, senior vice president, consumer banking (Milwaukee)
Lynn Heitman, senior vice president, payment services (Milwaukee)
Karen Racusin, senior vice president, consumer banking (Milwaukee)
Lynn Richtman, senior vice president, corporate banking (Milwaukee)

U.S. Bancorp, with $247 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States as of June 30, 2008. The company operates 2,542 banking offices and 4,895 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Source: U.S. Bancorp

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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